Archived Posts

Brian Armstrong, who heads major US cryptocurrency exchange and wallet provider Coinbase, envisions that the company will be a driver of crypto adoption by providing a multitude of crypto related services and not just an entity providing cryptocurrency trading platform. While presenting a vision of the company for the upcoming five years, Armstrong sees Coinbase   Read more...

Fidelity’s crypto subsidiary Fidelity Digital Assets Services (FDAS) is trying to obtain a license from New York State to function as a trust. In this regard, an application for trust license was submitted by FDAS to the New York Department of Financial Services (NYDFS), the Block revealed on July 20, quoting several unidentified individuals associated   Read more...

Cryptocurrency centered on privacy, Zcash (ZEC), forked into a fresh blockchain network called Ycash, with a maximum availability of 21 million coins. Ycash’s first block was mined onJuly 19, at 7:36:51 PM PDT, as per a tweet by Ycash Foundation. Ycash was split from Zcash blockchain at block height of 570,000 and is autonomous of   Read more...

As per information provided by the blockchain company Data Gumbo, global major oil companies can slash at least 30% of their expenses by deploying blockchain in their facilities. Andrew Bruce, CEO of American blockchain company Data Gumbo, spoke at about blockchain-based automatic order processing in the oil sector at Bloomberg Commodities Edge. When questioned how   Read more...

In preparation of 5G network services, KPGM has collaborated with business firms Tomia, Microsoft and R3 to develop a blockchain-based settlement system for the telecom sector. In a July 16 based initial blog article, KPMG announced the collaboration and product ideas. The intended blockchain system, according to the post, aims to use smart contracts to   Read more...

In the US, news about Bitcoin (BTC) is usually about opposition from Congress. However, for the first time, the latest hearing also saw an acknowledgement from the US lawmakers that the cryptocurrency is not in their control. Patrick McHenry, the lawmaker representing North Carolina’s 10th District, divulged that attempt to create hurdles for Bitcoin was   Read more...

The US Commodity Futures Trading Commission (CFTC) is allegedly investigating the formidable derivatives firm BitMEX. The investigation, as per Bloomberg reports quoting individuals acquainted with the issue, is based on the allegation that BitMEX permitted permitted US citizens to use its website to trade. Under present legislation, the US bars its citizens from using the   Read more...

During a latest G7 conference, Germany’s central bank Chief Jens Weidmann opined in favour of Facebook’s Libra. Weidmann, president of the Bundesbank and part of the Governing Council of the European Central Bank, stated that the initiative shouldn’t be suppressed by regulators across the world in its beginning, per an email newsletter released on 19   Read more...

Two of the popular Chinese blockchain platforms Ontology and NEO are working together to develop a mutually compatible covenant to encourage the creation of new generation internet. Leveraging their individual expertise, both blockchain companies plan to develop an easily accessible, international cross-chain system centered on a covenant of interoperability. In realigning their individual approaches toward   Read more...